Revenue Accounting Manager, Flex
$143-160k
+ Stock Options
2-3 days a week in office
Flexible rent payment application
Open for applications
Flexible rent payment application
501-1000 employees
Open for applications
$143-160k
+ Stock Options
2-3 days a week in office
501-1000 employees
Company mission
Flex's mission is to empower as many renters as possible with flexibility over their most significant recurring expense.
Role
Who you are
- 8+ years accounting experience in financial environment
- Ability to work in a team environment as well as independently
- Bachelor’s degree (B. A) in Accounting
- Strong working knowledge of ASC 606 codification as it relates to accounting and revenue recognition for financial market instruments/products
- Hands on experience with contract reviews and due diligence
- Proven self-starter with a strong sense of ownership, communication and analytical business acumen
- CPA or equivalent is highly desirable
- Demonstrated analytical and problem-solving skills
- Ability to effectively manage multiple tasks simultaneously and handle adverse and urgent situations with rapid changes in priorities
- Strong PC background with working knowledge of ERP and financial systems
- Proven time management and project management ability
- Excellent interpersonal, oral and written communication skills
What the job involves
- The Revenue Accounting manager will report to the VP of Accounting
- Responsible for end-to-end revenue operations, revenue recognition under ASC 606, AR and collections
- Ensure timely, accurate recording and reporting of Flex’s revenue and accounts receivable transactions on a monthly and quarterly basis, including oversight of month-end fluctuation analyses and account reconciliations
- Driving the roadmap for Flex’s revenue recognition policy and procedures
- Maintaining and implementing changes related to ASC 606 guidance
- Key involvement with prompt and reasonable guidance to Go-to-Market teams on non-standard agreements, with the goal of driving collaboration amongst cross functional teams
- Partnering with Risk Product, Finance, and Sales teams to enable billing for new products and drive efficiencies in overall order-to-cash process
- Analyzing revenue and AR data to identify trends and areas for improvement
- Proposing and recommending accounting updates to our AR reserve methodology; defining and creating a scalable process for identifying revenue vs. bad debt provision reserves
- Play a key role in driving change and continuous improvement in the Order to Cash cycle
- Lead reporting and serve as subject matter expert in all revenue and AR-related areas during financial statement audits or due diligence
Our take
Many people struggle to pay their rent every month, with a variety of bills hitting their bank accounts simultaneously. Whilst many of these people earn enough money to cover their bills, the inflexible nature of monthly bills can make the all-in-one payment a harder obstacle.
Flex provides a mobile application for the flexible payment of rent, allowing users to pay their landlords through flexible payment plans, reschedule payments when necessary, and protect their funds through Overdraft Protection. The company achieves this by partnering with estate agents and paying their resident's bills upfront, taking on the challenges that landlords would normally have due to late payments.
Flex has experienced extremely rapid growth since its founding which has caused some issues, as it struggled to keep up with the surge in new customers. Having made improvements to its product and scaled its customer service team, it is set to continue providing a service that has come to be highly valued by both tenants and landlords.
Freddie
Company Specialist
Insights
Company
Funding (last 2 of 5 rounds)
Feb 2022
$160m
EARLY VC
Apr 2021
$46.6m
SERIES B
Total funding: $225.1m
Company benefits
- 100% company-paid medical, dental, and vision
- 401(k) + company stock options
- Unlimited paid time off + company paid holidays
- Parental leave + IVF and adoption support
- Flex Cares Program: Non-profit company match + pet adoption coverage
- Pet Insurance
- Free Flex subscription
Company HQ
Midtown Manhattan, New York, NY
Leadership
Shragie Lichtenstein
(CEO)Experience working in venture capital investments for Point72 and TVC. Also co-founded Boundless Reality.
YeTong Shao
(CPO)Experience as Data Science Researcher. Also co-founded Boundless Reality.
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